Pension Benefits Analyst Salary in Newark, NJ

How much does a Pension Benefits Analyst make in Newark, NJ?

As of April 01, 2025, the average annual salary for a Pension Benefits Analyst in Newark, NJ is $58,745. Salary.com reports that pay typically ranges from $50,296 to $67,988, with most professionals earning between $42,605 and $76,403.

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Salary range for a Pension Benefits Analyst

$50,296 to $67,988

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What is a Pension Benefits Analyst?

A Pension Benefits Analyst is responsible for analyzing and evaluating pension plans and benefits to ensure compliance with company policies and government regulations. They review and interpret plan documents, calculate pension benefits, and provide guidance to employees on their pension options. Additionally, they may assist in the development and implementation of new pension plans, as well as communicate with plan participants to address any questions or concerns. The role requires strong analytical skills, attention to detail, and a thorough understanding of pension laws and regulations.

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Job Openings for Pension Benefits Analyst in Newark, NJ

What does a Pension Benefits Analyst do?

Common responsibilities of a Pension Benefits Analyst

Monitor and reconcile pension benefit accounts and records to ensure accuracy and completeness.

September 02, 2023

Assist with the administration of pension benefit enrollment, including processing new enrollments and changes to existing accounts.

September 03, 2023

Calculate and process pension benefit payments for retirees and beneficiaries.

September 13, 2023

Analyze and evaluate pension benefit plans to ensure compliance with regulatory requirements and company policies.

September 14, 2023

Collaborate with HR and finance teams to develop and implement pension benefit programs and policies.

September 17, 2023

Stay current on industry trends and regulatory changes related to pension benefits and communicate updates to relevant stakeholders.

October 08, 2023

Respond to inquiries and resolve issues related to pension benefits, including discrepancies in payments and eligibility determinations.

October 17, 2023

Provide support and guidance to employees and retirees regarding pension benefit options and eligibility requirements.

October 27, 2023

Prepare and distribute communication materials related to pension benefits, including plan changes and updates.

November 14, 2023

Conduct research and analysis to identify trends and best practices in pension benefit administration.

November 26, 2023

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Pension Benefits Analyst Salary By Experience Levels in Newark, NJ

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Pension Benefits Analyst Salary By Level of Education in Newark, NJ

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Average Salary Range for Pension Benefits Analyst in Newark, NJ

Average Base Salary

Core compensation

50296

67988

58745

Average Total Cash Compensation

Includes base and annual incentives

51021

72579

59452

What is the average salary for Pension Benefits Analyst in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Pension Benefits Analyst in Newark, NJ. The base salary for Pension Benefits Analyst ranges from $50,296 to $67,988 with the average base salary of $58,745. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $51,021 to $72,579 with the average total cash compensation of $59,452.

View Average Salary for Pension Benefits Analyst as table

	Average Salary	Average Salary Range
Base Salary	$58,745	$50,296 - $67,988
Bonus	$707	$724 - $4,592
Total Pay	$59,452	$51,021 - $72,579

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Pension Benefits Analyst Salary Near Newark, NJ

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Newark, NJ
CITY, STATE East Orange, NJ	AVERAGE SALARY RANGE $50,296 - $67,988	COMPARE TO Newark, NJ 0%
CITY, STATE West Orange, NJ	AVERAGE SALARY RANGE $50,296 - $67,988	COMPARE TO Newark, NJ 0%
CITY, STATE Bloomfield, NJ	AVERAGE SALARY RANGE $50,741 - $68,588	COMPARE TO Newark, NJ
CITY, STATE Irvington, NJ	AVERAGE SALARY RANGE $50,296 - $67,988	COMPARE TO Newark, NJ 0%
CITY, STATE Union, NJ	AVERAGE SALARY RANGE $50,296 - $67,988	COMPARE TO Newark, NJ 0%
CITY, STATE Elizabeth, NJ	AVERAGE SALARY RANGE $50,296 - $67,988	COMPARE TO Newark, NJ 0%

See salaries for Pension Benefits Analyst in locations close to Newark, NJ. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Newark, New Jersey

Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of the nation's major air, shipping, and rail hubs, the city had a population of 285,154 in 2017, making it the nation's 70th-most populous municipality, after being ranked 63rd in the nation in 2000. Settled in 1666 by Puritans from New Haven Colony, Newark is one of the oldest cities in the United States. Its location at the mouth of the Passaic River (where it flows into Newark Bay) has made the city's waterfront an integral part of the Port of New...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE Pension Analyst	LOCATION Newark, NJ	MINIMUM SALARY $64,261	MAXIMUM SALARY $91,553
JOB TITLE Analyst, Benefits	LOCATION Newark, NJ	MINIMUM SALARY $79,299	MAXIMUM SALARY $95,442
JOB TITLE Benefits Analyst III	LOCATION Newark, NJ	MINIMUM SALARY $93,738	MAXIMUM SALARY $113,871
JOB TITLE Benefits Analyst I	LOCATION Newark, NJ	MINIMUM SALARY $59,412	MAXIMUM SALARY $73,133
JOB TITLE Benefits Analyst II	LOCATION Newark, NJ	MINIMUM SALARY $72,454	MAXIMUM SALARY $89,906
JOB TITLE Benefits Analyst IV	LOCATION Newark, NJ	MINIMUM SALARY $111,607	MAXIMUM SALARY $133,034

The Pension Benefits Analyst job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Newark, NJ that might be a good fit for the type of job and salary you are looking for.

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50296

67988

About Newark, New Jersey Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of th....More

Newark, New Jersey area prices were up 1.6% from a year ago

Pension Benefits Analyst Salary in popular cities: Jersey City, Paterson, Elizabeth

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